Global and United States Rare Metals Market Insights, Forecast to 2027

A rare-earth element (REE) or rare-earth metal (REM), as defined by IUPAC, is one of a set of seventeen chemical elements in the periodic table, specifically the fifteen lanthanides, as well as scandium and yttrium. Scandium and yttrium are considered rare-earth elements because they tend to occur in the same ore deposits as the lanthanides and exhibit similar chemical properties. For the same set of mineralogical, chemical, physical (especially electron shell configuration), and related reasons, a broader definition of rare earth elements including the actinides is encountered in some cases. Thorium is a significant component of monazite and other important rare earth minerals, and uranium and decay products are found in others. Both series of elements begin on the periodic table in group 3 under yttrium and scandium.
Growing demand for magnets in automobiles, and energy generation will majorly contribute to the growth of global rare earth metals market over the forecast period. The demand for rare earth magnets is majorly increasing by their consumption in electric and hybrid vehicles, and wind turbines. Increasing focus on utilizing clean and renewable energy is giving a substantial pressure on the electricity providers, to generate energy through renewable sources, which in turn will show a positive impact on the growth of this market.

Market Analysis and Insights: Global and United States Rare Metals Market
This report focuses on global and United States Rare Metals market.
In 2020, the global Rare Metals market size was US$ 10660 million and it is expected to reach US$ 19040 million by the end of 2027, with a CAGR of 8.2% during 2021-2027. In United States the Rare Metals market size is expected to grow from US$ XX million in 2020 to US$ XX million by 2027, at a CAGR of XX% during the forecast period.

Global Rare Metals Scope and Market Size
Rare Metals market is segmented by region (country), players, by Type, and by Application. Players, stakeholders, and other participants in the global Rare Metals market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type and by Application in terms of revenue and forecast for the period 2016-2027.
For United States market, this report focuses on the Rare Metals market size by players, by Type, and by Application, for the period 2016-2027. The key players include the global and local players which play important roles in United States.

Segment by Type
Cerium
Dysprosium
Erbium
Europium
Gadolinium
Holmium
Lanthanum
Lutetium
Neodymium
Others

Segment by Application
Automotive
Military
Aviation
Electronic
Others

By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E

By Company
Iluka Resources Limited
Lynas Corporation, Ltd.
Greenland Minerals and Energy Ltd.
Northern Minerals Limited
Alkane Resources Ltd
Rising Nonferrous Metals Co., Ltd
Arafura Resources Ltd.
Canada Rare Earth Corporation
China Minmetals Rare Earth Co., Ltd
Indian Rare Earths Limited
Neo Performance Materials Inc.
Avalon Rare Metals
Great Western Minerals Group Ltd.